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20130124
20130201
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KGO (ABC) 6
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Search Results 0 to 28 of about 29 (some duplicates have been removed)
the debt, they would have been eager to let all the bush tax cuts expire. the cbo has shown that if we did that, debt as a share of the economy would fall to half in the next ten years. and if we were to leave the bush cuts in place, it would double. so, no, they're not serious about cutting deficits. they're serious about continuing to pose as the party of tax cuts for the rich. >> and i want to point out that just about an hour after we got the report on the gdp, senate minority leader mitch mcconnell gave this warning about government spending. here it is. >> this, my colleagues, is the europeanization of america. this is the pathway to greece. >> really? your thoughts on that. >> well, there is one way that we are on a pathway to greece. in greece they do not have an effective tax system, and people cheat left and right. we are starving the irs. i've been talking to people inside the irs whose units have been cut 30, 40, 50% in personnel, and they're not auditing, and they're not going after the tough cases that will mean the less money for the government and the less money for all gov
the increasing tax rates on very high income earners in the united states. ♪ a dancer for money >> reporter: but if the 73-year-old singer is making the move to cut her tax bill, she'll probably never admit it. the u.s. government warns americans, renunciation of u.s. citizenship may have no uh affect whatsoever on his or her u.s. tax obligations. she wouldn't be the first celebrity to change nationalities. actor jgerard depardieu got his passport after loudly renouncing france and its tax hikes on its wealthiest citizens. even elizabeth taylor made a bid to keep her european income away from the irs in 1965. >> i am the earth mother. and you are all flops. >> reporter: apparently couldn't go through with the renunciation oath. as for turner, whether she's making the move for love or money -- ♪ you don't have to worry >> reporter: it seems she'll have more of both in switzerland. and we reached out to turner's reps. but so far, no comment. turner speaks fluent german, has passed a local civic test and just needs a stamp of approval before becoming a swiss citizen. >> moving to a neutral c
,000 in legal fees for her defense attorney jose baez. in addition to over $200,000 in back tax, fees and penalties. according to the courts the aim of seeking chapter 7 bankruptcy protection is to be discharged of ex-ing debts essentially to get a fresh financial start, a fresh start. which is something casey anthony is certainly no stranger to. and cbs affiliate kpho reports that anthony spoke with one of their anchors and called the filing "the next step towards closure." >>> popular snacks including devil dogs, ring dings and yodels will soon or could soon be back on store shelves. the maker of little debbie snack cakes is reportedly the leading bidder to buy those from hostess for up to $30 million. hostess still hasn't announced a lead bid for its most iconic treat, the twinkie, so the twinkie's fate is still up in the air. i'm sure that will be settled. >>> finally, an unexpected visitor greeted a delay or created a delay at a college basketball saturday. it was a bat, a bat 234r50iing around the bradley center, there you see it in milwaukee. it sent players and coaches scrambl
with a green card as long as they paid back taxes and paid penalties and get in line for citizenship and approval. they also, however, want stronger border security and tracking of legal immigrants and whether or not they overstayed their welcome. they want to strengthen the employment verification system out there for immigrants, and those getting advanced degrees, ph.d. and masters in the math and the sciences. all of this is good politics, take a listen. >> look at the last election. look at the last election. we are losing dramatically the his pappic vote we think should be ours for a variety of reasons, and we got to understand that. >> in the last election, president obama got 71% of the hispanic vote, and mitt romney got 27%. dennis, cheryl? cheryl: immigration a big topic, obviously, and they voted on that. peter barnes, thank you very much. >> you bet. cheryl: gun stocks trading, the sector, we have been watching it, the two biggest names we follow, mar -- marginally higher. the president and vice president meeting with chiefs from major cities like aurora, colorado, oak cre
taxes on it. 2012 taxes on the mansion $39,000. guessing he may not have. >> you know what? >> adverse possession has been around forever. you know? but he, it's interesting to me that he even knew about it. it is a bit obscure. you learn that first year in law school. >> he is smart. knew about it. >> i need to adversely possess real estate. >> aim high. aim high. >>> violence storms slamming the east coast this morning after leaving the south and midwest in shambles. the giant system triggered two dozen tornado thousands. one of them slammed north thern georgia knocking out power, flipping over trucks and cars and damaging 100 homes. one man was killed when a tree crushed his trailer. another man died in tennessee. >> rough few days for weather. with that take a look at today's weather. strong storms from atlanta to new england. some morning downpours for d.c. and here in the big apple. lake-effect snow from michigan to upstate new york. snow in the rockies and cascades. showers in the pacific northwest. >> 40s boise to albuquerque. subzero and single digits in the midwest with wind
, it was down in january because folks took a hit with that payroll tax cut expiring and social security taxes. >> i wonder, the banks have these strict guidelines now. much stricter than before because of the huge banking debacle. so i wonder are they lending money to folks who want to buy a home. that's going to be an issue. >> that always helps spur things on. the bank loosens its grip on the green. and the federal reserve expected to release a statement that could have an impact on the markets in terms of their latest economic outlook. so stay tuned for that. >>> oil giant bp and the justice department have agreed to a record settlement in connection with the 2010 gulf oil disaster. in addition to paying $4 billion in penalties, the company agreed to plead guilty to manslaughter for the deaths of 11 workers on the deep water horizon rig. bp could pay billions more in environmental damage. >>> another financial headline for you. there could be a big change coming to youtube. a paid subscription service. users would pay to access programs on youtube channel. the fees are said to be somewhere
because corporate profits are up, costs are down, the fiscal cliff agreement has locked in low taxes for most of the upper-middle class and wealthy, and there's no sign of inflation as far as the eye can see. but corporate profits can't stay high when american consumers whose spending is 70% of the u.s. economy are this pessimistic about the future. they're just not going to spend. american companies won't be able to make up the difference in forward markets. europe is careening into a recession. japan is still in deep trouble. china's growth has slowed. profits are the highest share of the u.s. economy on record. wages are the lowest. but this imbalance can't and won't last. >> can't and won't. and look what's happening on wall street. they're doing better, willie, than ever before. >> mm-hmm. >> ever before. for the past four years, wall street has exploded over the past four years. real income has dropped for middle-class americans. the poverty rate's gone up. one in four americans are on food stamps. you talk about two americas. john edwards is right. >> incomes. >> over the past
undergoing background checks, paying taxes in a penalty and learning english and certainly anything republicans would sign on to, coral, th carol, they'd have a tougher pathway. >> senators have a plan, the president has a plan and the house members say they have a plan. whenever the house gets involved usually there's trouble so what do you think? >> reporter: certainly they will be farther to the right, that would be the expectation, so trying to get all of those ideas out there, and then i think we'll have a better sense of if there may be some insurmountable differences. the difference and you're hearing this also from house republicans, we heard this over the weekend from paul ryan, that they want to do something. obviously the devil is in the details, and the truth is, carol, that time is really what will tell. we can't tell if this is going to succeed right now but when you look at the past, 2007, president bush failed in his attempt to deal with immigration reform, conservative members of his own party scuttling that effort and in 2010 you had kind of a peaiecemeal measure i
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to terrorism. >> all right. the next four points, illegal immigrants register, pay fine and back taxes plus pass background check. work history and current employment required. illegal immigrants at back of the line. exceptions for immigrants who came to u.s. as children and farm workers. >> here what we're seeing is the fairness component. if you came here illegally we are going to give you a shot at the american dream, citizenship, but you got to go to the back of the line. that's what differs from the 1986 immigration reform. where they just said, apply for citizenship. you can get long-term residency for five years. then become a citizen. that left a very bad taste in people's mouth. especially if you've been here waiting in the legal route. >> real quickly let's show everybody the federal government new cnn/orc poll. the question being should the federal government develop a plan for undocumented immigrants to become legal residents? 53% say yes. then we have this. this is really interesting, victoria. because this bipartisan group of senators coming out today almost stealing the thund
's no longer, it's as bad as it used to be. they didn't mind paying the taxes. they are buying back stock. what a good call. >> all true. it's an interesting point you make, one that we perhaps don't focus enough on, in creating enthusiasm amongst your own employee base in order to attract talent, in order to keep talent. she seems to be having success at doing that. >> she has charisma. >> it is about free cafeteria food and issuing iphones to employees. >> it's important when it's a turn-around story and there has to be one or two more quarters for the results to be seen. that's a great point you made, because these are needed expectations, the fact that they beat, and they show the business lines weren't doing much worse. but revenues were better than consensus. it was a stability quarter. they bought back a lot of stock, because it's extremely investment friendly. >> a number of directors on the board will be focused on that. dan loeb is still in there. probably will be for some time. and has done very well with it. that helps also. he was key in terms of at least the appointment of mayer t
with a biased media and to concentrate all power on the central government in washington with the tax and spend liberals. everyone of those phrases is contemporary. it is and attitude for more than a judgment that shuts us off from accurate history and from their promise of democracy. i am hoping this issue focusing on race and people's resistance to discuss race, to insist that race is salt and it is unsolvable -- is solved. they're both mean we do not need to discuss it. this issue discusses it. when we do discuss it, when we learn things, that is when good things happen. that is the doorway to the promise of freedom. america is still not there yet. i hope we can take advantage of this time. we're marching through these 50- year anniversaries. bring our history back into balance and address the problems of the future with intelligence and with patriotism. thank you. [applause] >> good morning. >> good morning. >> i'm so happy that amtrak or marc got itself together. it was wonderful to hear the comments that have been made so far. greeting is on behalf of the kellogg foundation. i am gail chr
Search Results 0 to 28 of about 29 (some duplicates have been removed)